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New American Express shortens top cash-back credit card deals
The American Express has lowered prices for its two best new customer cash-back card, while current clients will see the changes take effect over the next 18 month, in a train that compresses buyers seeking reward for periodic outlays. Platinum Everyday Card will now pay 0.5% cash back on items up to £5,000 and 1% cash back on items over £5,000 per year.
Prior to this, these clients received 0.5% cash back for issues up to 3,500, 1% for issues between 3,500 and 7,500 and a 1.25% cash back for issues over 7,500. View the best cash-back and rewards credit card offers this weeks. That means someone who throws 1,000 a month on their card will loose 25 pounds of cash back per year.
The Platinum Creditback Card will also reduce its cash back, with the annuity of 25 pounds remaining the same. The card now will pay 1% cash-back on the first 10,000 pounds spent per year and 1.25% cash-back on everything else. Until now, the 1.25% set was applicable to all expenditure. Each card continues to pay an initial 5% for the first three month, and the amount of cash back that can be made is unlimited.
Your conditions will be changed on 8 November 2016 if you took out an American Express card before 22 August 2015. What happens to the deals for cash-back tickets? View Halifax to receive the £5 per month Clarity Card Award. While a number of high-profile vendors have reduced or eliminated cash back rewards, the number of cash back deals in the industry has even risen over the past year: in January 2015, before the introduction of the exchange rate ceiling, there were 19 cash back card offerings in the industry, now there are 25.
Cash back prices fell on a par with the previous year, but only slightly. By January 2015, the cash back card price averaged 0.7%, but now it's 0.68%, hardly a big one. As of January 2015, only four cash-back card charges have been levied, but now seven do.